Nov. 03, 2025 6:56 PM ETi3 Verticals, Inc. (IIIV) StockIIIVGary Alexander32.52K Followersi3 Verticals is rated a "Sell" due to questionable rally sustainability and limited AI-driven growth compared to peers.IIIV relies heavily on M&A for expansion, raising concerns about organic growth, integration, and future liquidity given its thin capitalization.Recent ARR trends are choppy, with sequential declines despite a recurring revenue model and public sector focus, highlighting integration challenges.Current valuation multiples are not compelling given IIIV's modest growth outlook and integration risks; I recommend locking in gains and seeking better opportunities.Greggory DiSalvo/iStock via Getty ImagesSo far, the Q3 earnings season is shaping up to be a very volatile catalyst for an expensive stock market, and rightly so: stocks have a lot to prove to maintain sky-high valuations, especially among large caps.In this environment, weThis article was written byGary Alexander32.52K FollowersWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha since 2017. He has been quoted in many web publications and his articles are syndicated to company pages in popular trading apps like Robinhood.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Comments